| 20 April 2024, Saturday |

Food prices are to rise

Head of Food Importers Syndicate, Hani Bohsali, pointed out, via a radio interview, that “prices will not be stable as long as the dollar exchange rate is not fixed.”
Bohsali also called for “stabilizing the exchange rate so that prices do not rise further, especially with the advent of the festive season.”
He warned against “raising the customs dollar on food commodities,” noting that some foodstuffs pay customs fees of up to 35 percent, and others pay 5 or 6 percent, and therefore if taxes rise, prices will rise to this level as well. We have called upon the Prime Minister, and the Minister of Economy not to raise the customs dollar on foodstuffs, and we sensed a positive sign from them, that we hope will be achieved.”